Rsearchers at the University of Florida, found that self-confidence can translate into earning hundreds of thousands of dollars more over a lifetime. Believing in yourself really does work wonders, especially for your bank account, the study found.
People with high opinions of themselves as teenagers and young adults drew bigger salaries in middle age than their less confident counterparts, and the gap was widest for those from privileged backgrounds.
Timothy Judge, a UF management professor who did the study with graduate student Charlice Hurst, said that the findings proved that being self-confident kids does have its advantages.
There are certainly significant advantages for children growing up with parents who are well-educated and work in professional occupations, but these advantages are especially profound when children are self-confident, he said.
Positive self-concept seems to act like an accelerant the fuel to the fire that leads the advantaged in our society to do better, he added.
The study used data from the National Longitudinal Survey of Youth, a nationally representative sample of 12,686 men and women who were between 14 and 22 years old when first interviewed in 1979. They were 37 to 45 in 2002, when the income findings were collected. Participants were interviewed annually until 1994 and then every two years after that, he said.
The study, which controlled for race and gender, evaluated mid-life income by examining parents education and occupational prestige, as well as participants educational levels, grade point averages, SAT scores and child poverty levels. For every category, the study found that having high self-esteem made a difference.
Self-confidence was measured by answers to such questions as What happens to me is of my own doing, I feel I have a number of good qualities and When I make plans, I am almost certain to makePage: 1 2 3 Related medicine news :1
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